Personal CFO Solutions LLC Acquires Shares of 1,136 GoDaddy Inc. (NYSE:GDDY)

Personal CFO Solutions LLC acquired a new stake in GoDaddy Inc. (NYSE:GDDY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,136 shares of the technology company’s stock, valued at approximately $224,000.

Several other hedge funds also recently bought and sold shares of the business. WCM Investment Management LLC grew its position in shares of GoDaddy by 7,083.4% during the 4th quarter. WCM Investment Management LLC now owns 3,404,066 shares of the technology company’s stock worth $678,941,000 after buying an additional 3,356,678 shares in the last quarter. Congress Asset Management Co. bought a new position in shares of GoDaddy during the 4th quarter worth $111,923,000. Amundi grew its position in shares of GoDaddy by 84.4% during the 4th quarter. Amundi now owns 931,874 shares of the technology company’s stock worth $183,710,000 after buying an additional 426,501 shares in the last quarter. Mizuho Securities USA LLC grew its position in shares of GoDaddy by 3,227.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 361,710 shares of the technology company’s stock worth $56,709,000 after buying an additional 350,839 shares in the last quarter. Finally, AustralianSuper Pty Ltd grew its position in shares of GoDaddy by 3,836.1% during the 4th quarter. AustralianSuper Pty Ltd now owns 358,465 shares of the technology company’s stock worth $70,750,000 after buying an additional 349,358 shares in the last quarter. Institutional investors own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GDDY. B. Riley upped their price objective on GoDaddy from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. StockNews.com cut GoDaddy from a “buy” rating to a “hold” rating in a research note on Monday, February 17th. UBS Group upped their price objective on GoDaddy from $172.00 to $225.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Piper Sandler upped their price objective on GoDaddy from $176.00 to $177.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company began coverage on GoDaddy in a research note on Monday, February 3rd. They set an “equal weight” rating and a $198.00 price objective for the company. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $213.20.

Insider Transactions at GoDaddy

In other news, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total value of $99,505.00. Following the completion of the transaction, the director now directly owns 23,121 shares in the company, valued at $4,601,310.21. This trade represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total value of $597,030.00. Following the sale, the chief executive officer now directly owns 333,153 shares in the company, valued at approximately $66,300,778.53. This trade represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,480 shares of company stock worth $3,849,169 over the last three months. 0.61% of the stock is currently owned by insiders.

GoDaddy Trading Down 0.0 %

GoDaddy stock opened at $172.35 on Wednesday. The stock has a 50-day moving average of $194.46 and a two-hundred day moving average of $182.52. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. GoDaddy Inc. has a one year low of $115.11 and a one year high of $216.00. The stock has a market cap of $24.36 billion, a PE ratio of 26.72 and a beta of 1.25.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.01). GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. On average, research analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

GoDaddy Company Profile

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.